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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income        
Interest and fees on loans $ 14,484 $ 13,437 $ 42,086 $ 37,390
Interest on investment securities available for sale 844 696 2,488 2,176
Interest on investment securities held to maturity 13 24 61 69
Interest on deposits in other banks 47 55 82 145
Total Interest Income 15,388 14,212 44,717 39,780
Interest Expense        
Interest expense on deposits, borrowings and junior subordinated debentures 706 487 2,208 1,411
Net Interest Income 14,682 13,725 42,509 38,369
Provision for loan losses 676 0 1,378 (1,136)
Net Interest Income After Provision for Loan Losses 14,006 13,725 41,131 39,505
Other Operating Income        
Mortgage banking income 8,113 0 23,235 0
Employee benefit plan income 1,004 899 2,712 2,653
Electronic banking income 721 590 2,043 1,694
Purchased receivable income 587 582 1,738 1,547
Service charges on deposit accounts 559 599 1,617 1,682
Gain on sale of securities, net 4 15 134 461
Gain on sale of premises and equipment 0 1,115 0 1,115
Equity in earnings from RML 0 384 0 608
Other income 1,419 750 3,026 2,014
Total Other Operating Income 12,407 4,934 34,505 11,774
Other Operating Expense        
Salaries and other personnel expense 11,440 7,107 33,115 19,866
Occupancy expense 1,522 1,041 4,720 3,030
Change in fair value, RML earn-out liability 780 0 2,869 0
Professional and outside services 642 323 2,184 947
Marketing expense 565 417 1,824 1,425
Insurance expense 406 319 1,075 788
Equipment expense 387 405 1,249 1,062
Software expense 298 383 947 997
Internet banking expense 229 264 676 677
Intangible asset amortization expense 73 81 218 214
Merger and acquisition expense 0 1,031 0 1,736
Reserve for (recovery from) purchased receivables (23) 241 (95) 447
OREO (income) expense, net rental income and gains on sale 152 (68) 328 (315)
Other operating expense 1,732 1,235 5,308 3,494
Total Other Operating Expense 18,203 12,779 54,418 34,368
Income Before Provision for Income Taxes 8,210 5,880 21,218 16,911
Provision for income taxes 2,678 1,982 7,111 5,848
Net Income 5,532 3,898 14,107 11,063
Less: Net income attributable to the noncontrolling interest 197 191 431 329
Net Income Attributable to Northrim BanCorp, Inc. $ 5,335 $ 3,707 $ 13,676 $ 10,734
Earnings Per Share, Basic (USD per share) $ 0.78 $ 0.54 $ 2.00 $ 1.59
Earnings Per Share, Diluted (USD per share) $ 0.77 $ 0.53 $ 1.97 $ 1.57
Weighted Average Shares Outstanding, Basic (shares) 6,856,059 6,831,976 6,854,862 6,733,175
Weighted Average Shares Outstanding, Diluted (shares) 6,952,209 6,919,993 6,941,861 6,822,288